Macpower CNC Machines Limited is a leading manufacturer of Computerized Numerically Controlled (CNC) machines and Lathe Machines. The company was originally formed as a private limited company in Gujarat on December 31, 2003, and subsequently converted into a public limited company on November 16, 2017. Founded by Mr. Rupesh Mehta, the company is based in Rajkot, India.
Macpower holds the distinction of being the 5th largest CNC machine manufacturer in India. It operates from an 8-acre facility in Rajkot, Gujarat, and has established a robust pan-India presence with operations in 39 cities. Its extensive sales and service network comprises 195 qualified engineers and 9 business associates, ensuring widespread reach and customer support.
The company manufactures a comprehensive range of Computerized Numerically Controlled (CNC) machines, including Turning Centers, Twin Spindle Turning Centers, Twin Turn Mill Centers, Grinders, Pro Turning, and Pro Milling. Macpower boasts over 315 variants and models, serving more than 27 product segments with over 11,259 installations. Through its Nexa vertical, the company manages the sales and marketing of high-value machines such as VTL (Vertical Turret Lathe), HMC (Horizontal Machining Center), DCM (Double Column Machining Center), and advanced VMC (Vertical Machining Center) machines with automation.
Macpower's product offerings cater to diverse industrial needs:
- CNC Turning Centers: Used in bearing, valve, pump, tool room, automobile, process plant components, agriculture, textile, and piping industries.
- Vertical Machining Centers (VMCs): Essential for tool rooms, die and molds, automobile, pattern, defense, power, and railways.
- Turn Mill Centers: Designed for special purpose components, aeronautics, defense, agriculture, and medical applications.
- Vertical Turret Lathes (VTLs): Employed for valve and motor bodies, engine liners, and railway components.
- Horizontal Machining Centers (HMCs): Applied in automobile, die and mold, defense, aeronautics, textile, medical, and railway sectors.
The company serves a broad customer base of over 2,300 clients across various industries, including automotive, defense, aerospace, capital goods, railways, electronics manufacturing services (EMS), pharmaceuticals, dies & molds, and agriculture. Macpower is an approved supplier to the defense sector, collaborating with over 50 organizations such as ISRO, Shell Factory, DRDO, and BHEL.
Macpower CNC Machines Ltd demonstrated strong financial performance, achieving its highest-ever annual revenue of INR 261.82 crore for FY25, representing a year-on-year growth of 9%. The company also reported its highest-ever quarterly revenue of INR 80.01 crore in Q4 FY25, marking a 12% year-on-year growth and a 33% quarter-on-quarter growth.
The company's quarterly net profit performance for FY25 showed some fluctuations:
- Q1 FY25: Net profit rose 98.03% to Rs 4.02 crore, compared to Rs 2.03 crore in Q1 FY24.
- Q2 FY25: Net profit rose 34.74% to Rs 8.30 crore, compared to Rs 6.16 crore in Q2 FY24.
- Q3 FY25: Net profit fell 36.42% to Rs 4.47 crore, compared to Rs 7.03 crore in Q3 FY24.
Key financial strengths include a good profit growth of 57.2% CAGR over the last 5 years. The company is almost debt-free, which significantly strengthens its financial position. Other impressive metrics include an outstanding annual revenue growth of 20%, a healthy pre-tax margin of 13%, and an exceptional Return on Equity (ROE) of 20%.
As of July 2025, the company's market capitalization stands at ₹973 crore. The stock has a P/E ratio of 37.4, a book value of ₹143, and offers a dividend yield of 0.15%.
Macpower CNC Machines Ltd holds a robust order book totaling INR 331 crore, with significant contributions from the defense sector. The company has proactively expanded its product portfolio by developing 37 new product variants, including high-speed drill tap centers and two-spindle vertical machining centers.
In 2023, the company enhanced its manufacturing capacity from 1,300 to 1,500 machines per annum. Macpower is committed to further expanding its production capacity, aiming to increase it to 2,500 machines by July, supported by solar power initiatives designed to reduce energy costs. The company is projected to add 500 more machines by FY26, bringing the total capacity to 2,500 machines.
To foster innovation, Macpower launched a new R&D center in Bangalore in August 2024, focusing on 5-axis machining, EMS, PCB, and semiconductors. Additionally, the company plans to establish tech centers in Faridabad and Hyderabad by the end of 2024 and is actively expanding its sales and service teams to bolster its market presence.
During the 2024 Vibrant Gujarat Summit, Macpower signed an MoU with the Gujarat Government to establish a new CNC machine manufacturing facility specifically for the aerospace and defense sectors, with a planned investment of ₹100 crore. Potential funding options for this new facility include strategic partnerships, utilization of reserve funds, and possibly short-term loans.
In FY24, the company sold 1,235 machines, achieving an average realization of ₹19.5 lakh per machine. Macpower is strategically shifting its focus towards high-value machines (4-axis to 5-axis), which are critical for sectors such as aerospace, defense, EMS, and robotics, where realizations are significantly higher. The company is targeting an average realization of ₹24 to ₹25 lakh per machine by FY26.
Mr. Rupesh Mehta serves as the Chairman, and Mr. Kishor Kikani is the Company Secretary for Macpower CNC Machines Ltd. Commenting on the company's performance, Chairman & Managing Director Rupesh Mehta stated, "FY25 has been a pivotal year in strengthening our operational base and executing strategic initiatives. Despite short-term disruptions, our Q4 recovery reaffirms the robustness of our business model."
Macpower CNC Machines Ltd is well-positioned in the growing CNC machine market, benefiting from strong government initiatives, ongoing capacity expansion, and increasing demand from critical sectors like aerospace & defense and EMS. Strong industry tailwinds and a strategic shift in its product mix towards high-value orders are expected to drive profit growth of 35-40% CAGR over the next five years, reinforcing its dominant position in the industry.
